Many readers have sent in questions as to how I track the current hedged mutual fund positions I am holding. Since the funds are not a buy at this point, I have identified them as Fund A and B in the following graph: (click to enlarge)Fund A and B represent 10% each of total portfolio value. The Hedge was initiated …
Sunday Musings: An Unsound Banking System
It’s no secret that the credit/banking crisis has the potential of bringing down not just only small banks but some of the big boys as well. As I mentioned before, the FDIC has hired some retired bank specialists who were involved in the S&L; crisis back in the 80s. That appears to be some sort of confirmation that there is …
Do You Know These Numbers?
I have mentioned from time to time that many investors (or advisor clients for that matter) have very good intentions, but seem to fight a constant battle with their short-term fear pitted against their long-term resolve. Many times, the former wins handily and the latter, which is more important, succumbs to the fear of being too worried about short-term losses. …
No Load Fund/ETF Tracker updated through 7/24/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpBig swings in the marketplace left the major indexes with little to show for. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -3.40% thereby confirming the current bear market trend. The international index now remains -8.84% below its own trend line, keeping us on …
Back To Even
Despite last week’s bounce in the market, we really have gone nowhere. The S&P; 500 started the month at 1,280 and closed at that number yesterday. Despite some sharp drops during the first couple of weeks in July, it’s questionable whether the subsequent rebound rally has legs, as economic circumstances have not changed. Sure, lower crude oil prices helped matters, …
Fixing Fannie And Freddie
Most likely, you’ve been reading the Fannie Mae and Freddie Mac debacle, and the various plans for a bail out, along with banning naked short selling. Bill Fleckenstein had an interesting piece on the subject called “Feds can’t fix Fannie and Freddie.” Here are some highlights: Fannie Mae (FNM, news, msgs) and Freddie Mac (FRE, news, msgs) do not have …